Eastgroup Properties: Here’s What Investors Need to Know Before Earnings

Eastgroup Properties (NYSE:EGP) will report earnings after markets close on Thursday, July 18th. EastGroup Properties, Inc. is an equity real estate investment trust. The Trust acquires and develops industrial properties in major sunbelt markets throughout the United States with a special emphasis in the states of California, Florida, Texas and Arizona.

Here is your Cheat Sheet to Eastgroup Properties Earnings:

Earnings Expectations: Analysts expect earnings of $0.77 per share on revenues of $48.09 million. Currently, the company’s P/E ratio stands at 50.73.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.79 to a profit $0.8. For the current year, the average estimate is a profit of $3.15, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Eastgroup Properties has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 169 172 173 175 186
Diluted EPS ($) 1.30 1.04 0.68 0.83 1.13

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 46.47 47.00 46.83 48.28
Diluted EPS ($) 0.28 0.23 0.41 0.24

Past Performance:
Eastgroup Properties has beat analyst estimates time in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)